ExxonMobil extends Noble drillship charter offshore Guyana

Oct. 8, 2020
ExxonMobil has awarded Noble Corp. plc’s ultra-deepwater drillship Noble Tom Madden a long-term contract extension for work offshore Guyana.

Offshore staff

LONDONNoble Corp. plc’s ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.

The Noble Tom Madden was previously contracted until mid-February 2024, and the additional term will extend the rig contract to mid-August 2030.

According to the company, the rig day rate will be updated at least twice per year subject to a scale-based discount and performance bonus under the CEA which also provides ExxonMobil the flexibility to transfer awarded term between the Noble Don Taylor, Noble Bob Douglas, Noble Tom Madden, and Noble Sam Croft.